March 05, 2018

FSB issued detailed reporting guidelines for implementing the November 2015 FSB Global Securities Financing Data Standards. This document includes the main aspects of the FSB securities financing data collection (for example, scope, frequency, reporting deadlines), data template for national/regional authorities to report to the global aggregator, the codes for classification, and some Annexes aimed to help data reporting/processing and improve data quality. The reporting guidelines will be further updated as needed.

The document starts with an overview of the reporting guidelines where measures (as main information being collected) and characteristics (used in classification of measures) are briefly defined. Temporal aspects of the data are also described here. The next section describes the reporting guidelines in details, including dimensions that characterize the measures. Each dimension is briefly described and linked to data elements defined in the November 2015 Global Securities Financing Data Standards. The Standards provide a table for each data element with a code-list that should be used in reporting and set out the rules that should be met for successful validation of the reported data. The last section defines the procedures that are used in validation of the reported data. Annex 1 defines the reporting template. Annex 2 shows which set of tables should be reported by each national/regional authority and will be finalized once it is clarified which national/regional authority provides the data for each jurisdiction. Annex 3 illustrates the coverage of securities financing transactions (SFTs) that should be included in SFT reporting. Annex 4 illustrates how example of transactions from the November 2015 Global Securities Financing Data Standards should be reported while following these guidelines.

FSB, in November 2015, had published the Standards and Processes for Global Securities Financing Data Collection and Aggregation. The Standards and Processes build on policy recommendations to address financial stability risks in Securities Financing Transactions, which were published in August 2013. The November 2015 securities financing data standards would allow FSB to collect, from national/regional authorities, aggregated data on repos, securities lending, and margin lending, based on consistent definitions and minimal double-counting at the global level. To assess global trends and risks, FSB will further aggregate and analyze the total national/regional data submitted by the member jurisdictions. BIS will provide operational support for the collection and potential dissemination of aggregated securities financing data, serving as the global data aggregator.

 

Related Links

Keywords: International, Securities Financing Transactions, Data Standards, Reporting, FSB

Related Articles
News

FSB to Evaluate Effects of Too-Big-To-Fail Reforms for Systemic Banks

FSB is seeking feedback as part of its evaluation of the effects of the too-big-to-fail reforms for banks.

May 23, 2019 WebPage Regulatory News
News

APRA Releases Minor Changes to Reporting Standards on SA-CCR for Banks

APRA released minor changes to the three reporting standards for the standardized approach for measuring counterparty credit risk exposures (SA-CCR).

May 22, 2019 WebPage Regulatory News
News

APRA on Industry Self-Assessments into Governance and Accountability

APRA released an information paper analyzing the self-assessments performed by 36 of the country’s largest banks, insurers, and superannuation licensees in response to the final report on the Prudential Inquiry into the Commonwealth Bank of Australia (CBA).

May 22, 2019 WebPage Regulatory News
News

PRA Consults on Maintenance of TMTP Under Solvency II

PRA published a consultation paper (CP11/19) that sets out its approach to update supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTP) under Solvency II.

May 22, 2019 WebPage Regulatory News
News

APRA Proposes to Amend Guidance on Residential Mortgage Lending

APRA is consulting on revisions to the prudential practice guide APG 223 on residential mortgage lending in Australia.

May 21, 2019 WebPage Regulatory News
News

IASB Proposes Improvements to IFRS 9 and IFRS 16

IASB published the exposure draft ED 2019/2 that proposes amendments to four IFRS standards, including IFRS 9 on Financial Instruments and IFRS 16 on Leases.

May 21, 2019 WebPage Regulatory News
News

Denis Beau of BDF on Supervisory Priorities for Climate-Change Risks

Denis Beau, the First Deputy Governor of BDF, delivered opening remarks at the BCBS-BSCEE-FSI High-level Meeting for Europe on banking supervision.

May 21, 2019 WebPage Regulatory News
News

ISDA CDM to be Deployed for UK Digital Regulatory Reporting Pilot

ISDA announced deployment of the ISDA Common Domain Model (ISDA CDM 2.0) to support the UK FCA, BoE, and participating financial institutions in testing phase two of the Digital Regulatory Reporting pilot for derivatives.

May 21, 2019 WebPage Regulatory News
News

MAS to Consolidate Regulation of Merchant Banks Under Banking Act

MAS published a consultation paper that proposes to consolidate the regulation of merchant banks under the Banking Act and to move merchant banks to a licensing regime under the MAS Act.

May 21, 2019 WebPage Regulatory News
News

ESAs Amend Technical Standards on Mapping of ECAIs Under CRR

ESAs published a second amendment to the implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).

May 20, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3118